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...change and are already benefiting. Wells Fargo will book an estimated $25 billion tax credit from its November acquisition of Wachovia. PNC, which bought National City in October, could get as much as $5 billion in tax benefits from that merger. And Capital One, which bought Chevy Chase Bank earlier this month, is looking at a $500 million tax windfall. Investment Losses Now Count for More...
...Central Federal Credit Union, for instance, reported paper losses of $4.6 billion in October, $800 million more than it showed just one month earlier. Declining asset values are starting to take a toll: on Dec. 9 another large credit union, Members United Corporate, said it would be laying off employees to reduce expenses and conserve cash. "I've been watching the whole thing fall apart," says Ed Roberts, who runs the Washington bureau of the trade publication Credit Union Journal. "It's very...
Indeed, several earlier studies had hinted that vitamins may protect against prostate cancer (as well as other cancers), but the data were conflicting. In a trial involving 29,000 Finnish subjects in which researchers tested whether vitamin E could reduce lung cancer in smokers, those taking the supplements did not enjoy a lower rate of lung cancer but did develop 34% fewer cases of prostate cancer compared to controls. In the same study, subjects taking supplements that contained a form of selenium also showed a 63% lower risk of developing prostate cancer. But a separate trial of 7,000 heart...
...Things have gotten a bit hairy," admitted British Lieut. Colonel Graeme Armour as we sat in a dusty, bunkered NATO fortress just outside the city of Lashkar Gah in Helmand province, a deadly piece of turf along Afghanistan's southern border with Pakistan. A day earlier, two Danish soldiers had been killed and two Brits seriously wounded by roadside bombs. The casualties were coming almost daily...
...after its editorial page urged him to step aside as chairman while the ethical questions are being investigated. "His temporary yielding of the gavel is an urgent necessity for a Democratic Congress elected two years ago on promises of an ethical housecleaning," the New York Times editorialized in September. Earlier this week, after the paper published even more serious allegations, Rangel wrote a scathing letter to the editor denying that he had done anything improper with regard to the loophole that rewarded Nabors Industries and its CEO, Eugene Isenberg, who had given the $1 million donation to CCNY. He also...